2013-08-04

Priority in currency management for clients who have waived their foreign exchange proceeds as of 1/8/2013

Dear Chairman of the Board, I would like to inform you about the following: As per my announcement on February 5th, 2013, I emphasized the necessity of prioritizing handling foreign exchange operations for some import transactions. The Central Bank of Egypt continues its policy in dealing with the foreign exchange market in Egypt and focuses on ensuring the availability of foreign currency to various economic sectors. Accordingly, it is crucial to prioritize the management of foreign currencies for individuals (natural persons), who have witnessed a decline in their individual foreign exchange allocations since August 1, 2013, within those limits. I would like to express my utmost respect, Hisham Ramez

Egypt

Central Bank of Egypt

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